Retirement Planning Group LLC increased its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 17.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,405 shares of the oil and gas company's stock after acquiring an additional 2,824 shares during the period. Retirement Planning Group LLC's holdings in Exxon Mobil were worth $2,308,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Chatham Capital Group Inc. raised its position in Exxon Mobil by 5.4% in the first quarter. Chatham Capital Group Inc. now owns 19,295 shares of the oil and gas company's stock worth $2,295,000 after acquiring an additional 987 shares in the last quarter. Charles Schwab Trust Co boosted its stake in Exxon Mobil by 18.1% in the 1st quarter. Charles Schwab Trust Co now owns 30,681 shares of the oil and gas company's stock worth $3,649,000 after purchasing an additional 4,700 shares during the period. Chesley Taft & Associates LLC boosted its position in shares of Exxon Mobil by 0.5% in the first quarter. Chesley Taft & Associates LLC now owns 123,537 shares of the oil and gas company's stock worth $14,692,000 after buying an additional 555 shares during the period. Arthur M. Cohen & Associates LLC acquired a new stake in Exxon Mobil during the 1st quarter worth about $247,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Exxon Mobil by 12.3% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 27,865 shares of the oil and gas company's stock valued at $3,314,000 after purchasing an additional 3,047 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.
Analyst Ratings Changes
XOM has been the topic of several analyst reports. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Mizuho reduced their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group dropped their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Royal Bank of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.
Get Our Latest Analysis on XOM
Exxon Mobil Stock Up 2.4%
Shares of Exxon Mobil stock traded up $2.46 during trading hours on Friday, reaching $104.29. The company's stock had a trading volume of 15,465,774 shares, compared to its average volume of 15,534,982. The company has a market capitalization of $449.45 billion, a P/E ratio of 13.30, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The stock's fifty day simple moving average is $105.71 and its two-hundred day simple moving average is $109.29.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business's revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 earnings per share. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.
About Exxon Mobil
(
Free Report)
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.
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